Welcome!

News Feed Item

iTradeNetwork Delivers Simplicity, Accuracy, and Efficiency to the Food Industry's Rebate Billback Process

iTradeNetwork's Enhanced Billback Solution to Save Food Manufacturers and Distributors Significant Time and Expense by Improving Efficiencies and Reducing Overpayments

PLEASANTON, CA -- (Marketwired) -- 01/27/14 -- iTradeNetwork, Inc. the leading provider of supply chain management and intelligence solutions to the food industry, today announced the general availability of the iTradeNetwork Enhanced Billback Solution. This new cloud-based solution simplifies and standardizes the way rebate claims are requested, verified, and managed. The Enhanced Billback Solution is the latest addition to iTradeNetwork's comprehensive suite of optimization solutions that bring efficiency and improve the accuracy of data within the billions of transactions that occur between trading partners across the food industry every year.

The iTradeNetwork Enhanced Billback Solution helps manufacturers and distributors address the time-consuming and error-laden tasks associated with verifying rebate billback claims and payment accuracy.

The Enhanced Billback Solution:

  • Provides a simple and standards-based way for distributors and other buying organizations to electronically submit billback reports to manufacturers
  • Enables real-time synchronization with trading partner's product catalogs to ensure data accuracy and consistency
  • Establishes a normalized integration source for billback claims to the manufacturer from distributors and other buying organizations
  • Presents manufacturers and distributors with a simple and common web based user interface for reviewing, editing, and verifying billback claims
  • Ensures that each line item is presented using the manufacturer's product identification codes, eliminating manual data mapping steps
  • Provides the ability to compare contract terms and actual sales data so that discrepancies can be quickly identified and addressed

The new solution has been piloted with existing iTradeNetwork customers.

"iTradeNetwork's Enhanced Billback Module helps us to simplify and automate our most unwieldy financial processes with a simple, cost-saving solution," said Brad Dowie, Trade Marketing Manager for Ocean Spray. "We now process rebate claims with better accuracy and in less than half the time than previously possible. This helps us to improve customer satisfaction while also having a positive impact on our bottom line."

"Billbacks are an important part of the relationship between distributors and manufacturers. Quickly reconciling and ensuring accuracy is a major pain point," said Joe Bergera, President of iTradeNetwork. "In order to address the problem, we leveraged our data management and business process expertise to automate cumbersome workflows, eliminate errors, and streamline the experience for all parties."

"The Billback process, while sounding simple, can get complex when a manufacturer and distributor work independently," said Lora Cecere, Founder and CEO, Supply Chain Insights. "iTradeNetwork's solution is designed to be collaborative, enabling a common and real-time view of the qualifying transactions. This can improve accuracy and drives down cost."

About iTradeNetwork, Inc.
iTradeNetwork, Inc. is the leading global provider of on-demand supply chain management and intelligence solutions to the retail, hospitality, and foodservice industries. Built upon deep industry expertise, a rich data foundation, and an extensive trading partner network, iTradeNetwork's collaborative solutions allow distributors, manufacturers, operators, retailers, suppliers and wholesalers of all sizes to reduce cost, grow revenue, and strengthen trading partner relationships. iTradeNetwork is a unit of Roper Industries, a Standard and Poor's S&P 500 index company.

© 2014 iTradeNetwork, Inc. All rights reserved. iTradeNetwork and the iTradeNetwork logo design are either registered trademarks or service marks of iTradeNetwork, Inc. in the United States and/or other countries. All other trademarks and registered trademarks are property of their respective holders.

Carrie Gilbert
925-660-1374
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Announcing Poland #DigitalTransformation Pavilion
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
CloudEXPO | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
For far too long technology teams have lived in siloes. Not only physical siloes, but cultural siloes pushed by competing objectives. This includes informational siloes where business users require one set of data and tech teams require different data. DevOps intends to bridge these gaps to make tech driven operations more aligned and efficient.
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution. In his session at @ThingsExpo, Akvelon expert and IoT industry leader Sergey Grebnov provided an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors!
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.